Published:26 Jul2013

Updated:09 Nov2018

The corporation tax rate is divided by the number of associated companies. For these purposes, two companies are associated where one has control of the other or both are under the control of the same person. An associated company includes foreign companies but excludes dormant companies. The above thresholds are reduced if the period is less than 12 months.

The rate of corporation tax reduced to 19% on 1 April 2017 and will further reduce to 17% on 1 April 2020.